Category: National News
Aug 3, 2011
The State of Washington Department of Insurance (“WDI”) has proposed new regulations relating to property and casualty insurance rate cap rules, transition rating rules, rate stability formulas and other rating methods. These proposed Rules may: Specify situations in which …
Jul 28, 2011
The National Association of Insurance Commissioners (“NAIC”) will hold its 2011 Summer National Meeting from August 29 through September 1 in Philadelphia, Pennsylvania. During that time, the NAIC’s various committees and task forces will review preliminary 2012 charges and …
Jul 25, 2011
Technical corrections to Title 284 of the Washington Administrative Code have been proposed by the Office of the Insurance Commissioner under the State’s expedited rulemaking process. This proposed Rule would make the following technical corrections to Rules within Title …
Jul 22, 2011
Effective October 1, 2011, Rhode Island consumers who suffer the total loss of a motor vehicle as the result of an insurance claim must pay sales tax on the full value of the corresponding replacement vehicle. However, to comply …
Jul 22, 2011
As of July 2011, the Kentucky Insurance Department has amended Regulation 806 KAR 12:170, entitled “Life insurance disclosures,” which establishes requirements for insurers to deliver information to purchasers of life insurance The Kentucky Insurance Department has amended …
Jul 22, 2011
Above: Kentucky Insurance Commissioner Sharon P. Clark The Kentucky Insurance Department has amended the State’s Agent Licensing Regulation pertaining to the prohibition of false or deceptive names and titles. Regulation 806 KAR 9:020, entitled “False or deceptive names, titles, …
Jul 21, 2011
Pursuant to the amendment of regulations RCW 48.15.040 and RCW 48.15.090 by the passage of HB 1694 (Chapter 31, Laws of 2011) State of Washington Insurance Commissioner Mike Kreidler has issued Emergency Rules stating that, instead of surplus lines …
Jul 21, 2011
To comply with requirements under the federal Patient Protection and Affordable Care Act of 2010, the Washington State Insurance Department has initiated rulemaking relating to the consumer grievance and appeal process requirements for health carriers and health plans. This …
Jul 21, 2011
The State of Washington has adopted the National Association of Insurance Commissioners’ Model Regulation 815 as WAC 284-74-510, which will permit the recognition of preferred mortality tables for use in determining minimum reserve liabilities, effective September 1, 2011. To …
Jul 20, 2011
The Oregon Department of Business and Consumer Services’ Insurance Division recently issued Bulletin 2011-1 to all Oregon Surplus Lines licensees to outline the nationwide regulatory changes that will affect the placement of nonadmitted insurance in Oregon pursuant to the …